Wyoming Administrative Code
Agency 031 - Collection Agency Board
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 3 - OPERATION
Section 3-8 - Transfer of Accounts Upon Sale of the Business

Universal Citation: WY Code of Rules 3-8

Current through September 21, 2024

(a) Upon the sale of the business, a licensee shall not transfer or sell any of its accounts to another licensee until the notices required by Section 7.(b) of this Chapter have been made.

(b) No other licensee shall purchase or take over the accounts, either wholly or in part, of a licensee who is going out of business without receiving evidence that the requirements of Section 7.(b) have been complied with OR without assuming, by agreement, the responsibility of completing the requirements of Section 7.(b) of this Chapter.

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